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Jim O'Neill, a former chairman of Goldman Sachs Asset Management and former Commercial Secretary to the UK Treasury, is Honorary Professor of Economics at Manchester University and former Chairman of the Review on Antimicrobial Resistance.

India will usher its own path than following any particular Model. The Time line expressed is obvious. Many Want speed to be faster. But, India has unique model where War against anyone is out of question. Democracy takes Its Own Path, Bends and Pace

India has been adjudged to be in near "takeoff stage of development since 1956. And yet, the promised development never materialised. I think as compared to growth, development is transformative; such transformation has eluded India since last six decades.

The author could add a third hat,the Andrew Carnegie Memorial hat, and transform his ill-conceived war* on natural resistance to antibiotics by redeploying drones to deliver science books to the neglected castes in the hinterlands of India and help transform the 100 millions of neglected brains to solve problems locally. A change to a culture of opportunity for anyone rather than resignation to historical failures relying on further control by power tribes should be more productive than global chiefs throwing around power laws of disaster in bio-dynamic systems responding appropriately.

The two baskets of value preferences into which humanity divides seem to govern this thread as well as much else. Wonder what people of India use for what the USA calls "Red vs. Blue" lol. Progress/autonomy/'life-liberty-property'/achievement vs. Security/community/fairness/equality.

Obviously stability, a successful competitive economy, and most folk’s concepts of justice/morality are served when nearly all of a population enjoy reasonable security, personal freedom, basically necessary goods and service, and some realization for them of dignity and participation in their society and of opportunity for themselves and their families.

Some societies that are generally seen as having achieved these things, or most of them, are STILL monarchies, at least on paper; others have been some form of a republic all or most of the time for centuries. Others having those or still another form of government are about as far from any of these goals as seems possible in today’s world. So the ideology of the regime and of the population does not correlate with the performance of either! Whether the ideology, regardless of what it is, is accepted sufficiently to avoid internal strife, does correlate…perhaps that is the function of morality, of ethics, of religion, of nationalism, of ideology in general…social stability.

Anyway, the conditions for growth in the educated, skilled workforce and for capital investment in support of research, infrastructure, and productivity are necessary to success. There seems a tendency to always be discussing which comes first, these conditions and growth, or freeing/including the majority. I think tensions between those two views are an essential part of the spiral of cycles of virtuous growth and liberation/inclusion.

I wish the Prime Minister and the people of India the Blessings of the Divine in their efforts; the rest of the world is counting on their success in their nation’s becoming a major partner in the never-ending story of us all…

The Index of Economic Freedom spells out the problem: "The state’s presence in the economy remains extensive through state-owned enterprises and wasteful subsidy programs that cause chronically high budget deficits. In the absence of a well-functioning legal and regulatory framework, a weak rule of law exacerbated by corruption in many areas of economic activity undermines the emergence of a more vibrant private sector. India remains a “mostly unfree” economy."

Also remember that restrictions in the multi-brand retail segment means that foreign companies like Walmart that could revolutionize retail efficiency in India are limited to wholesale operations.

In parts of the republic of India, district level court proceedings are held under banyan trees with the judges and court staff sitting on plastic chairs. Every Indian judge does the work of 11 American judges. The less said about the standards of law enforcement and policing capabilities the better. The central and state government dont seem to give two hoots about the situation.

Perhaps some other countries are worse, but the only dream most Indians are seeing is that of justice and a full stomach.

If you know a bit about the subcontinent & Indian politics, it'll be clear like a crystal that India will be stupid to worry about great power status - in a globalized world - while +800M are living in abject poverty & illiteracy, and the rich are getting richer under Modi.
Health and sanitary conditions in Delhi are not only bad, a Singaporean (FDI) agent asked me why no one cares about the *smell*?
The federal budget of Modi's regime will not deal with above because his agenda is perhaps different...He's after all a product of RSS Hindu nationalists.

Guys! the article is purely an economic forecast about India's growth and the measures such as health, education, etc which are necessary to fuel.
On the one hand we aspire for super power status, a permanent seat in UN security Council, cricket world cup, religious supremacy, etc.
On the other hand when someone says positive things, we become sarcastic, pessimistic and making a fuss about everything!
When are we going to think positive, breathe fresh air, think and make things right and stop making fussy statements about poverty, etc.
remember, we are at a critical juncture - the entire world expects us to grow economically, militarily and societally, except our neighbours!

The economists from the West are so hung up on terms like GDP, rate of growth, percentage etc, forget that people in India and other countries pine for good governance, little corruption, law and order, clean water , no pollution, reasonable good health care etc.
will a bigger GDP guRantee this? Is bigger the better than important essentials?

All talks only of growth and nothing of development!! Even if India surpasses Germany in GDP or ends up becoming a larger economy than Germany, can we Indians ever hope to have the kind of life style, comfort and security that a German enjoys??

What yardstick we use for measuring progress, and then use it for gauging how many years it would take to overtake the countries at the top of the table- how much time it takes to travel on a city freeway a distance of 30 km !

Well, the yardstick should be to step out of the car from any highway 50 km from the city and walk a couple of kilometers perpendicular to the highway and see what amenities are available to the people. By that count it would take decades to reach any meaningful conclusion.